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5375 Ocean Village Dr., Myrtle Beach, SC 29577

3 beds • 4 baths • 2049 sqft

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This property looks like a bad Airbnb investment with a projected -7.58% first-year return on $219k initial cash invested.

-7.58%

Cash On Cash

4.43%

Cap Rate

0.77

DSCR

$7,760

Rent

-$1,383

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$957k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$219k

Downpayment

20%

$191k

Closing costs

1%

$9,565

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$7,760

Total Expenses

$9,143

Mortgage P&I

59%

$4,603

Property Taxes

3%

$205

Home Insurance

4%

$343

HOA

3%

$268

Property Management

15%

$1,164

CapEx

4%

$310

Vacancy

0%

$0

Maintenance

4%

$310

Other

25%

$1,940

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